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Freddie Mac

BUSINESS
March 21, 2013 | By E. Scott Reckard
Fixed mortgage rates reversed course this week and headed back down, according to Freddie Mac's latest survey , with the average rate for a 30-year fixed-rate loan dropping to 3.54% from 3.63% last week. The 15-year fixed home loan averaged 2.72%, down from 2.79% a week ago, Freddie Mac said. The survey asks mortgage originators what they are offering to solid borrowers who pay less than 1% of the loan amount in upfront lender fees. Paying extra discount points can lower the rate.
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BUSINESS
August 24, 2007 | From Times Wire Services
Freddie Mac said Thursday that its huge mortgage holdings grew in July at the fastest pace in 16 months as the company took advantage of a faltering housing market to scoop up cheaper mortgage-backed bonds. In a bid to rescue the ailing housing and mortgage markets, lawmakers are pushing to raise the amount of home loans that can be held by Freddie Mac and its bigger rival Fannie Mae. The two government-sponsored firms are the largest U.S. home loan-funding companies.
BUSINESS
April 26, 2012 | By E. Scott Reckard
Extending a long stay near record lows, fixed mortgage rates edged lower this week, with lenders offering the typical 30-year loan to solid borrowers at 3.88%, down from 3.9% last week, according to giant loan buyer Freddie Mac. In the 21 weekly surveys that Freddie Mac has released starting Dec. 8, only one has shown the 30-year average above 4%. The record low of 3.87%, statistically no different from this week's reading, was recorded on...
BUSINESS
September 26, 2013 | By E. Scott Reckard
The Fed's decision to continue its economic stimulus program unabated has sent fixed mortgage rates plunging to their lowest level in two months, according to Freddie Mac's weekly survey , with the 30-year loan averaging 4.32%, down from 4.5% a week earlier. Lenders were offering 15-year fixed mortgages to solid borrowers at 3.37% early this week, down from 3.54% last week. Initial rates for variable mortgages fell as well, Freddie Mac said Thursday. QUIZ: How well do you understand the Fed stimulus?
BUSINESS
January 30, 2014 | By E. Scott Reckard
Fixed mortgage rates fell for the fourth week in a row following the release of weaker housing data, according to Freddie Mac, which said lenders were offering 30-year fixed home loans to solid borrowers this week at an average of 4.32%. The Freddie Mac report was welcome news for potential borrowers who feared rates might rise as the Federal Reserve cuts back on its massive bond-buying program. The 30-year rate averaged 4.52% as the year began and was 4.39% last week. Lenders were offering 15-year fixed-rate loans at an average of 3.4% early this week, down from 3.44% last week, Freddie Mac said Thursday.
BUSINESS
September 5, 2013 | By E. Scott Reckard
With interest rates rising, it's getting harder to find a great deal on a home loan these days -- unless you're rich enough to be looking for a jumbo mortgage. Mortgage rates rose early this week, Freddie Mac said in its latest report , with lenders offering a 30-year fixed home loan to solid borrowers at an average of 4.57% -- up from 4.51% last week and a full percentage point higher than a year ago.  Rates for 15-year fixed mortgages and adjustable loans also edged higher, a trend Freddie Mac chief economist Frank Nothaft attributed to a healthier-looking economy.
BUSINESS
January 22, 2004 | From Bloomberg News
Freddie Mac's board of directors is partly to blame for accounting mistakes that last year prompted a $5-billion restatement of earnings, said Armando Falcon, director of the Office of Federal Housing Enterprise Oversight that supervises the company. Freddie Mac, the second-largest source of U.S. home mortgage financing, last month agreed to pay a $125-million fine after the housing agency's investigation determined the company manipulated earnings from 2000 until 2002. From Bloomberg News
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